State Street has identified digital assets as one of its core growth priorities for the year ahead, positioning the sector alongside private markets and wealth services as a central pillar of its long‑term strategy.
In the bank’s 2025 Annual Report, chairman and chief executive Ron O’Hanley said the firm is “enhancing capabilities across private markets, wealth services, and digital assets — helping clients navigate complexity, connect fragmented ecosystems, and operate with greater clarity and efficiency”.
The report places digital assets within a broader programme of investment in technology and operating‑model transformation, which O’Hanley said is essential to strengthening the firm’s competitive position.
“Together, these results underscore the strength of our operating model — built on deep client partnerships, a culture of disciplined execution, and sustained investment in innovation and digital capabilities,” he wrote.
State Street’s strategic overview reiterates the focus, noting that the bank is directing investment into areas where client demand is rising. The report states that the firm is “enhancing capabilities across private markets, wealth services, and digital assets” as part of a multi‑year effort to modernise infrastructure and support growth across its global franchise.
The emphasis on digital assets comes as institutional demand for tokenisation, digital market infrastructure and new forms of custody continues to expand. State Street has been developing capabilities in these areas for several years, and the latest report positions the sector as a material contributor to future revenue opportunities.
The bank said the combination of technology investment, product expansion and operating‑model transformation is intended to support clients as they adapt to increasingly complex and fragmented markets. Digital assets, it added, form a key component of that strategy.
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